World ( The cow news digital ) Pakistan has received an additional 1 billion US dollars in financial support from Saudi Arabia, the State Bank of Pakistan confirmed on Monday, marking another significant development in bilateral economic cooperation between the two countries.
According to an official statement issued by the central bank, the latest tranche forms part of a previously announced 3 billion dollar deposit facility extended by the Kingdom of Saudi Arabia to support Pakistan’s foreign exchange reserves and overall macroeconomic stability.
The State Bank clarified that while 2 billion dollars had already been received earlier on April 15, the remaining 1 billion dollars was credited on April 20 based on the agreed value date. With this disbursement, the full 3 billion dollar Saudi deposit has now been successfully transferred to Pakistan.
Officials stated that the financial assistance is part of Saudi Arabia’s continued commitment to supporting Pakistan’s economic resilience during challenging global financial conditions. The deposits are aimed at strengthening Pakistan’s foreign reserves position and providing stability to the country’s balance of payments.
Earlier, Finance Minister Muhammad Aurangzeb had confirmed that the Saudi financial support package would be completed within the following week. He also indicated that discussions were underway regarding the rollover of an additional 5 billion dollars in deposits, which were previously arranged on an annual renewal basis.
According to the finance minister, efforts are being made to extend the maturity period of these deposits from annual rollovers to a three-year extension, potentially pushing their maturity timeline to 2028. This move, if finalized, is expected to provide greater predictability and stability for Pakistan’s external financing framework.
Economic analysts view Saudi Arabia’s continued financial backing as an important factor in stabilizing Pakistan’s external account and boosting investor confidence. Such inflows are also considered crucial for meeting short-term external obligations and maintaining adequate foreign exchange reserves.
Pakistan and Saudi Arabia have historically maintained strong economic and strategic ties, with financial assistance packages often playing a key role in supporting Pakistan during periods of fiscal pressure.
Further updates are expected as both countries continue discussions on long-term financial arrangements and broader economic cooperation frameworks.
